American Assets Trust Inc Stock Forecast
Red day on Friday for American Assets Trust Inc stock after losing 0.232%
(Updated on May 03, 2024)
The American Assets Trust Inc stock price fell by -0.232% on the last day (Friday, 3rd May 2024) from $21.56 to $21.51. During the last trading day the stock fluctuated 3.95% from a day low at $21.24 to a day high of $22.08. The price has been going up and down for this period, and there has been a 2.48% gain for the last 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 221 thousand shares were bought and sold for approximately $4.76 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $21.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.98% during the next 3 months and, with a 90% probability hold a price between $19.62 and $21.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AAT Signals & Forecast
The American Assets Trust Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.44 and $21.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for American Assets Trust Inc stock
American Assets Trust Inc finds support from accumulated volume at $21.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.84 (3.95%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $20.87 (-2.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AAT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Assets Trust Inc to open at $21.61, and during the day (based on 14 day Average True Range), to move between $20.95 and $22.07, which gives a possible trading interval of +/-$0.562 (+/-2.61%) up or down from last closing price. If American Assets Trust Inc takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.61 (0.46%) than the support at $21.41 (0.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American Assets Trust Inc stock A Buy?
American Assets Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.525 Hold/Accumulate Unchanged
Predicted Opening Price for American Assets Trust Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $21.61 ( 0.465%) | $21.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.45 | 4.37 % | |
| R2 | 22.13 | 2.88 % | ||
| R1 | 21.93 | 1.96 % | ||
| Current price: | 21.51 | |||
| Support | S1 | 21.29 | -1.03 % | |
| S2 | 21.09 | -1.95 % | ||
| S3 | 20.77 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.26 | 3.49 % | |
| R2 | 21.63 | 0.558 % | ||
| R1 | 21.61 | 0.465 % | ||
| Current price | 21.51 | |||
| Support | S1 | 21.41 | -0.465% | |
| S2 | 21.13 | -1.77% | ||
| S3 | 21.01 | -2.32% |
AAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Jun 06, 2024 | Jun 20, 2024 | $0.335 | 1.56% |
| 2 | Feb 06, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.335 | 1.56% |
| 3 | Oct 24, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.330 | 1.45% |
| 4 | Jul 25, 2023 | Sep 06, 2023 | Sep 21, 2023 | $0.330 | 1.71% |
| 5 | Apr 25, 2023 | Jun 07, 2023 | Jun 22, 2023 | $0.330 | 1.79% |
FAQ
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